From the Daily News:
The MTA chairman was shouted down by a boisterous crowd of more than 600 last night when he said fare increases would be unavoidable without a massive state bailout.
Dale Hemmerdinger tried to explain the Metropolitan Transportation Authority doesn't want to raise fares or cut service, but has no options.
Unless the state Legislature adopts a transit rescue package to help plug a $1.2 billion operating budget, MTA leaders say they will have to impose a series of whopping fare hikes and severe service cuts starting in March.
Hemmerdinger last night said the cash fare could go as high as $3 and the monthly MetroCard could hit $103.
But Sheldon Silver is looking to ride in on his white horse and save the day.